Section 5-5-14 - Provisions for sale or exchange of land unimpaired--Cancellation of lease to permit sale or exchange

5-5-14. Provisions for sale or exchange of land unimpaired--Cancellation of lease to permit sale or exchange.Nothing herein contained in any way prevents the sale or exchange of common school, indemnity, or endowment lands as provided in §§5-3-7 and 5-9-1 nor prevents the commissioner of school and public lands from incorporating, into each lease a sales clause permitting the cancellation of any lease on January first of any year of the term thereof for the purpose of sale or exchange. Source: SL 1949, ch 71, §6; SDC Supp 1960, §15.0405-6; SL 1976, ch 20, §2; SL 1985, ch 38.